10/4/24, 11:59 AM PENNSYLVANIA REAL ESTATE FUNDAMENTALS FINAL EXAM 2024-2025 ACTUAL EXAM COMPLETE 300 QUESTIONS …
PENNSYLVANIA REAL ESTATE FUNDAMENTALS
FINAL EXAM 2024-2025 ACTUAL EXAM
COMPLETE 300 QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY GRADED A+
Terms in this set (240)
the right to restrict Air rights
people from blocking the
view from your home is
sometimes called...?
2nd National Bank has a Victor. The records are not fixtures.
mortgage on Victor's
home. Victor doesn't pay
his mortgage and 2nd
National Bank forecloses.
The bank knows Victor
has a valuable record
collection in his home
and wants to keep it after
the foreclosure. Victor
files a lawsuit. The
mortgage says nothing
about the record
collection. The bank says
it's part of the house.
Who wins?
https://quizlet.com/952297315/pennsylvania-real-estate-fundamentals-final-exam-2024-2025-actual-exam-complete-300-questions-with-detailed-… 1/19
,10/4/24, 11:59 AM PENNSYLVANIA REAL ESTATE FUNDAMENTALS FINAL EXAM 2024-2025 ACTUAL EXAM COMPLETE 300 QUESTIONS …
Jim bought real property The power company, because their easement is a
from Dale. Long before matter of record, and Jim bought the property with
Dale owned the the easement rights.
property, the Local
Power Company
purchased an easement
from an earlier owner to
run power lines
underneath the land. The
easement is recorded in
the real estate records.
Jim decides that he
doesn't like the power
company using his
property and files a
lawsuit to kick them off
and remove the
powerlines. Who wins?
Glen wants to leave his Yes, the right to devise and inherit are among the
real property to his son in bundle of rights.
his will. Can he do this?
Which would be an Hosting a casual dinner party with family members.
acceptable exercise of
the right of use?
When a person owns Everything from the surface to "heaven" and down
land, what does that to the center of the earth.
include?
Otto is considering Increasing the value
building a house on his
raw land. What will the
house do to the value of
the property?
Brenda is buying a house. All personal property stays with the house.
She loves the furniture
and decorations in the
house. How should she
write the contract?
https://quizlet.com/952297315/pennsylvania-real-estate-fundamentals-final-exam-2024-2025-actual-exam-complete-300-questions-with-detailed-… 2/19
, 10/4/24, 11:59 AM PENNSYLVANIA REAL ESTATE FUNDAMENTALS FINAL EXAM 2024-2025 ACTUAL EXAM COMPLETE 300 QUESTIONS …
Land is not a liquid asset It can easily be exchanged like cash.Land is not a
because...? liquid asset because...?
What is the best way to The parties should be as detailed as possible in their
make sure the buyer and agreement.
seller know what is a
fixture and what is
personal property?
Roger owns a house in a The Association. Roger's deed and right of
subdivision with ownership are subject to the covenants.
restrictive covenants. The
covenants say that all
houses in the subdivision
must be painted blue.
Roger is a huge Atlanta
Falcons fan and paints his
house red. The
Homeowners Association
sues Roger for violating
the covenants. Who will
win?
A television is likely to be personal property
considered what?
Biff is buying a house Sloan, because the table is adaptable to another
from Sloan. As they're setting.
deciding which items in
the house stay and which
go, they come upon a
heavy table. The table
can be used in any large
room but has been in the
house for 100 years. The
contract says that all
movable property is to
be removed and taken by
the seller. Who gets the
table?
https://quizlet.com/952297315/pennsylvania-real-estate-fundamentals-final-exam-2024-2025-actual-exam-complete-300-questions-with-detailed-… 3/19
PENNSYLVANIA REAL ESTATE FUNDAMENTALS
FINAL EXAM 2024-2025 ACTUAL EXAM
COMPLETE 300 QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY GRADED A+
Terms in this set (240)
the right to restrict Air rights
people from blocking the
view from your home is
sometimes called...?
2nd National Bank has a Victor. The records are not fixtures.
mortgage on Victor's
home. Victor doesn't pay
his mortgage and 2nd
National Bank forecloses.
The bank knows Victor
has a valuable record
collection in his home
and wants to keep it after
the foreclosure. Victor
files a lawsuit. The
mortgage says nothing
about the record
collection. The bank says
it's part of the house.
Who wins?
https://quizlet.com/952297315/pennsylvania-real-estate-fundamentals-final-exam-2024-2025-actual-exam-complete-300-questions-with-detailed-… 1/19
,10/4/24, 11:59 AM PENNSYLVANIA REAL ESTATE FUNDAMENTALS FINAL EXAM 2024-2025 ACTUAL EXAM COMPLETE 300 QUESTIONS …
Jim bought real property The power company, because their easement is a
from Dale. Long before matter of record, and Jim bought the property with
Dale owned the the easement rights.
property, the Local
Power Company
purchased an easement
from an earlier owner to
run power lines
underneath the land. The
easement is recorded in
the real estate records.
Jim decides that he
doesn't like the power
company using his
property and files a
lawsuit to kick them off
and remove the
powerlines. Who wins?
Glen wants to leave his Yes, the right to devise and inherit are among the
real property to his son in bundle of rights.
his will. Can he do this?
Which would be an Hosting a casual dinner party with family members.
acceptable exercise of
the right of use?
When a person owns Everything from the surface to "heaven" and down
land, what does that to the center of the earth.
include?
Otto is considering Increasing the value
building a house on his
raw land. What will the
house do to the value of
the property?
Brenda is buying a house. All personal property stays with the house.
She loves the furniture
and decorations in the
house. How should she
write the contract?
https://quizlet.com/952297315/pennsylvania-real-estate-fundamentals-final-exam-2024-2025-actual-exam-complete-300-questions-with-detailed-… 2/19
, 10/4/24, 11:59 AM PENNSYLVANIA REAL ESTATE FUNDAMENTALS FINAL EXAM 2024-2025 ACTUAL EXAM COMPLETE 300 QUESTIONS …
Land is not a liquid asset It can easily be exchanged like cash.Land is not a
because...? liquid asset because...?
What is the best way to The parties should be as detailed as possible in their
make sure the buyer and agreement.
seller know what is a
fixture and what is
personal property?
Roger owns a house in a The Association. Roger's deed and right of
subdivision with ownership are subject to the covenants.
restrictive covenants. The
covenants say that all
houses in the subdivision
must be painted blue.
Roger is a huge Atlanta
Falcons fan and paints his
house red. The
Homeowners Association
sues Roger for violating
the covenants. Who will
win?
A television is likely to be personal property
considered what?
Biff is buying a house Sloan, because the table is adaptable to another
from Sloan. As they're setting.
deciding which items in
the house stay and which
go, they come upon a
heavy table. The table
can be used in any large
room but has been in the
house for 100 years. The
contract says that all
movable property is to
be removed and taken by
the seller. Who gets the
table?
https://quizlet.com/952297315/pennsylvania-real-estate-fundamentals-final-exam-2024-2025-actual-exam-complete-300-questions-with-detailed-… 3/19
